From Futuriom · · 1m
IonQ Buys Elisity for $1.3 Billion
Quantum computing firm IonQ acquires cybersecurity startup Elisity for $1.3 billion to bolster quantum-safe networks.
In brief
Quantum computing firm IonQ acquires cybersecurity startup Elisity for $1.3 billion to bolster quantum-safe networks. IonQ will buy cybersecurity startup Elisity for $1.3 billion in stock to enhance quantum-resistant security solutions. Originally reported by Futuriom.
Deal Announcement
IonQ, a publicly held quantum computing company, will buy cybersecurity startup Elisity for $1.3 billion in stock.
Quantum Threat Urgency
Quantum computing algorithms could crack RSA and ECC encryption, the two most popular online data protection methods.
Elisity's Business
Elisity, founded in 2019, uses agentless microsegmentation to protect devices without software installation.
Elisity's Impact
Elisity covers 100 worldwide customers with 85% reduction in lateral movement risk from ransomware and malware.
IonQ's Quantum Platform
IonQ aims to provide quantum computing, networking, security, and quantum-safe infrastructure through post quantum cryptography.
Acquisition Strategy
IonQ acquired SkyWater Technology for $1.8 billion to expand quantum chip design capabilities.
Future Integration
IonQ expects Elisity to integrate security expertise to strengthen quantum-resistant network protection.
The big picture
IonQ will buy cybersecurity startup Elisity for $1.3 billion in stock to enhance quantum-resistant security solutions.
